Cryptocurrencies trading analysis and signals

Cryptocurrencies trading analysis and signals for Bitcoin, Ethereum, EOS, Ripple

 

Ethereum

As predicted in our Ethereum top-down analysis the instrument is testing previously broken upside horizontal resistance 350-400 zone. It is reacting on 350 and is bouncing off this level. As long as the price action is above 300 we are targeting 480-500 and a target has been met as the instrument is trading inside the rising channel and is breaking above 600. This is now support for the upside continuation. A larger pullback will be supported at channel bottom 480. Target higher is 900.

 

Ethereum price action trading strategy

 

Bitcoin

BTCUSD has reached 161.8% of the Fibonacci extension 24000 and is breaking above

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